RICH PAST, PROUD PRESENT
Molybdenum has long been a source of growth and economic prosperity and, in Colorado, it has long been a source of community development and pride for the state.
Climax Molybdenum Company, a subsidiary of Freeport-McMoRan, is one the world’s leading molybdenum producers. From our early beginnings in Colorado, Climax Molybdenum has grown into a global, diversified company with downstream operations and a proven commercial presence worldwide.
For more than a century, molybdenum mining has played a significant role in Colorado and we have seen the growth and continued development of Colorado communities and the economy as a result of our mining operations.
Our presence in Colorado includes mining operations at Climax and Henderson. They both deliver large economic benefits to the state in the form of direct wages and taxes we pay as well as the goods and services we buy. In 2016, our economic impact in Colorado reached $371.8 million supporting nearly 3,620 jobs in the state.
Along with the positive economic impact we have on communities, a value that has persisted with our presence in Colorado is a commitment to sustainable development, which combines economic growth with social and environmental responsibility. This means working with communities and engaging community leaders and members through our Community Partnership Panels and Community Investment Funds.
We are a global company with local priorities. We train workers, support education at all levels and facilitate community-based economic initiatives. We recognize that our mining activities both impact the environment and improve our quality of life in countless ways.
Safety is a core value. We adhere to a framework for managing risks and preventing work-related accidents and illness, particularly fatality prevention. Similarly, we value health and wellness for our workforce as well as in the communities where we have a presence. This is crucial to our goal for sustainable development.
Finally, as we grow and expand, we are committed to people, making sure our employees have the knowledge, skills, motivation, technology and equipment to do their jobs as well as they can. The opportunities are varied and great, from professional to technical positions and the workforce development offered in all areas. At year end of 2016, there were more than 680 employees at our Colorado operations. Our commitment to people extends to the places where they live, work and play. This commitment and our efforts are what make Freeport-McMoRan a strong corporate citizen in Colorado today and will continue to do so as we venture toward our bright future.
At Climax Molybdenum, we mine metals and produce products for the future. With growth in demand for our products, we continue to explore opportunities to provide more molybdenum to the world while respecting our sustainable priorities and maintain safe operations.